Displaying items by tag: finance minister

Wednesday, 24 June 2020 11:54

Economy expected to contract by 7.2% this year

Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.

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Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.

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With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.

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Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.

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Wednesday, 26 February 2020 19:29

SA readies to establish state bank

Government is ready to establish a state bank, Finance Minister Tito Mboweni said on Wednesday.

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Wednesday, 26 February 2020 19:17

Sin Taxes increase

Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.

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Tuesday, 05 June 2018 10:35

SA's financial sector must serve all

It is of utmost importance to have a financial sector that serves all South Africans, says Finance Minister Nhlanhla Nene.

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Finance Minister is expected to clarify all aspects of financing free higher education during the Budget Speech next week.

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Newly appointed Finance Minister Malusi Gigaba has radical economic transformation at the top of his agenda.

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Thursday, 23 February 2017 21:29

Tax system must be "redistributive"

Finance Minister Pravin Gordhan says the South African tax system has to be redistributive if the country is to usher in radical socio-economic transformation.

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